Stoney Ridge Farm and Retreat, located in Tazewell County (Virginia), has been awarded a $10,000 grant from the Virginia Coalfield Economic Development Authority (VCEDA). This grant, aimed at supporting local businesses, will enable the retreat to offer yurt camping starting this fall, adding a luxurious touch to the traditional camping experience.
The concept of glamping has seen a surge in popularity. It offers a unique blend of nature immersion and luxury, providing travelers with the best of both worlds.
Stoney Ridge, owned by Laura Hunt and David Belanger is set to introduce yurt camping this fall. The property is also a functional farm boasting 200 acres of pastureland and scenic mountain trails, as highlighted in a press statement by VCEDA.
Its inaugural yurt was unveiled last month, it is designed to house four adults comfortably, with an additional space in the communal area for kids. In the next three years, two more yurts are slated for construction, followed by two clusters of three yurts each.
This pioneer yurt is furnished with a comprehensive kitchen and restroom. Future yurts will mirror these amenities. Renters can anticipate perks like grocery stocking before arrival, complete meal services, and access to electric bicycles.
Stoney Ridge anticipates employing up to two full-time and eight part-time staff within the span of five years, as stated by VCEDA’s Executive Director and General Counsel, Jonathan Belcher.
Seed capital, such as the grant provided to Stoney Ridge Farm and Retreat, plays a pivotal role in the early stages of a business. It covers initial operating expenses, paving the way for attracting more substantial financing from venture capitalists or banks.
The global glamping market is on a trajectory of rapid growth, expected to reach a staggering USD 5.93 billion by 2030. This growth is fueled by continuous innovations in service offerings and a shift in tourist preferences towards local vacations.
Millennials, known for their penchant for unique and immersive experiences, are a significant driving force behind the glamping trend. Their willingness to invest in experiences over material goods has given a considerable boost to the industry.
The grant awarded to Stoney Ridge Farm and Retreat is not just a financial boost but a testament to the potential and promise of the glamping industry. As the industry continues to evolve, such grants will play a crucial role in shaping its future.
The glamping industry, with its blend of luxury and nature, is set to redefine the travel and tourism sector. Grants like the one received by Stoney Ridge Farm and Retreat are a step in the right direction, ensuring that the industry continues to thrive and offer unparalleled experiences to travelers.
Featured image from the Virginia Coalfield Economic Development Authority (VCEDA).